CLARITY Act Delay: Market Holding Key Levels Despite Regulatory Uncertainty

The Senate Banking Committee has postponed the markup of the CLARITY Act (H.R. 3633), extending regulatory uncertainty for digital assets.

Key context:

• Ripple supports the bill, aiming for regulatory clarity and CFTC jurisdiction over digital commodities.

• Coinbase opposes the current draft, citing restrictions on tokenized equities and DeFi implications.

Market reaction so far:

• Bitcoin continues to hold the \~$95,000 level.

• Ethereum remains above \~$3,300.

• XRP trades near \~$2.05.

Despite the delay, price action remains relatively stable. This suggests the market may have already priced in regulatory friction, with liquidity and demand still present.

Until there is alignment between lawmakers and major industry participants, the market appears to be in a consolidation phase rather than a risk-off move.